Carbon Black import Provisional pending valuation allowed by SHC

Carbon Black import : Provisional release pending valuation assessment allowed by SHC

KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Tuesday ordered release of Carbon black stuck up due to a dispute over valuation and resultant levy of custom duty and other taxes.

The bench earlier heard counsel for H & H Enterprises who said that consignment imported by them was being valued as per whims and wishes of the Custom Officials in the absence of a Valuation Ruling. He said that respondents officers of MCC East assessed the custom duty to be US $ 1200 per metric ton while similar consignment was released at a rate of 750 US $ per ton.

The petitioner counsel submitted  that they have preferred an appeal before hierarchy of the customs department , He prayed that pending decision on appeal, consignment be released.

Ilyas Ahsan, Masooda Siraj and Kashif Nazeer advocate appearing for the respondent department said they have no objection to the provisional release of the consignment. The bench after this statement by counsel for respondents disposed of the petition allowing provisional release against payment of  custom duty on declared value with custom officials while differential with the Nazir of the SHC. The bench also ordered that cheques in respect of differential amount could not be en-cashed 15 days after  passing of order in appeal.

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